10x Research: The potential short squeeze has recently pushed up the price of Bitcoin, which may face risks in September
10x Research stated in its latest analysis that the recent Bitcoin market rebound is strategic, and $65,000 is crucial for book profits. As expected, the FOMC meeting minutes and Powell's dovish stance drove the bounce of Bitcoin, with a potential short squeeze pushing up Bitcoin prices. However, despite predicting a 10% increase, these gains have now been completely retraced. With September approaching, significant risks are beginning to emerge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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